Warrior Win
Natasha Jameson-Randolph
I’m a military veteran who invests in short term rentals. I will be growing my portfolio thru their sale and 1031 exchange by early 2021. Currently I’m a portfolio manager for the US Department of State.
Property Details
Address: 1050 Minns Dr. Machesney Park, Il 61115
Number of Units: 6
Value Add Deal? Yes
Purchase Price: $450,000
Estimated monthly increase projected? $300-$500
Anticipated value after value add: $550,000
Estimated Cash on Cash Return: 10-12%
Estimated Internal Rate of Return: 12%-15%
Warrior team
shout outs:
Any comments about your experience so far in the Warrior Program?
Love the warrior program. Enjoy the camaraderie and friendship made while working to achieve the same goals.
How did you find this property?
I’m a short term rental investor seeking to move invest in multifamily. I started an accountability group not long after becoming a warrior. I met a really resourceful and driven warrior who consistently attended named Rob Shedden. Ultimately he found an asset in his local market, around the corner from his home. He pitched the deal to our group and after many months of searching myself and another warrior/group member became business partners and provided the equity for the deal. Rob and Tara Shedden are amazing. Driven and dedicated to making IT happen.
How did you structure the financing of this property?
Joint venture partners @ 7% .
Was this a joint venture or syndication?
Joint Venture
How did you raise the equity?
Each of us had so much faith in Rob and Tara, we wrote a check
What was the equity raise?
Equity between 4 partners was $110K
What are some hurdles you had to overcome to get this deal done?
Challenges with the broker-Nasty demeanor, constantly inflating and hyping up pitfalls for Rob and Tara to deal with.
What are some of the lessons you learned with this deal?
The path to success is full of challenges, even at the last minute. Rob and Tara were able to negotiate another $6k seller credit at the closing table due to information the owner failed to disclose.
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in Rod’s training and coaching. The participants shown are not paid for their stories.